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John Winchcombe

29 Dec. 2023

4 min read

The Challenges of Digital Payments

Digital payments can feel inevitable, sweeping all before them. A range of recent news items suggest this isn’t true.

Future of Cash

John Winchcombe

29 Dec. 2023

3 min read

Denmark to Change its Banknotes in Order to Keep Them

Danmarks Nationalbank has carried out an analysis of the role of cash in a low cash usage society.

Cash Usage Country Profile Free Free

John Winchcombe

20 Dec. 2023

5 min read

CBDC Round Up

Mastercard’s Asia-Pacific lead for blockchain and digital assets has spoken about CBDCs in the region. He argues that consumers are so comfortable with existing payment options that a CBDC is not justified.

CBDC Digital CN

John Winchcombe

20 Dec. 2023

2 min read

Cash Usage in Canada

A Payments Canada survey has found that 31% of Canadians use cash for day-to-day purchases, with speed (38%), wide acceptance (38%) and the ability to pay without borrowing (25%) the key motivators. Budgeting, privacy, convenience, cost of paying and security are also important.

Cash Usage

John Winchcombe

20 Dec. 2023

2 min read

Reliability of Payment Networks Under the Spotlight

We report all too frequently on payments system failures – see the end of this article for a recent example. But it is interesting that the Governor of the Reserve Bank of Australia (RBA) has recently chosen to draw attention to the performance and reliability of Australia’s new payments platform (NPP), particularly noting the need and priority of improving the ‘resilience of Australia’s payments and market infrastructure’.

Digital Payments

John Winchcombe

20 Dec. 2023

3 min read

PSR Recommends Payment Fee Cut

In addition to the British Retail Consortium providing detailed information on the cost of payments in the UK, the Payment Systems Regulator (PSR) has recommended a cap on cross-border interchange fees, following its market review of the fees.

Digital Payments

John Winchcombe

20 Dec. 2023

4 min read

News in Brief

Perhaps a minority story, but a real life example of the strange things people do with banknotes. In Uganda, there is a trend for florists to design bouquets using banknotes.

News

John Winchcombe

20 Dec. 2023

5 min read

Payment News

The Chief Minister for Bengal has questioned the government’s focus on cashless transactions.

News

John Winchcombe

28 Nov. 2023

3 min read

Cash Cycle in a Digital World

It is unusual for a commercial bank to describe its cash strategy, and so it was particularly good to hear NatWest, one of the UK’s big four high street banks, do this at the Future of Cash conference in Istanbul.

Cash Usage

John Winchcombe

28 Nov. 2023

3 min read

Exploring the Role of AI in the Central Banking Domain

Artificial Intelligence (AI) roared into the public consciousness in 2023. Its widespread use and, more importantly, its potential have become visible to all, not just the small specialist user community that has been working on it for years. Clearly, AI is of great interest to central banks from the policy makers through the cash issue department.

AI Events Free Free

John Winchcombe

28 Nov. 2023

5 min read

Time to Get Real

The Future of Cash conference was one of those rare opportunities to step back and think. A series of experts presented data, research and conclusions from the real world about cash and its role in the payment hierarchy.

Future of Cash

John Winchcombe

28 Nov. 2023

5 min read

Payment News

Japan has recently experienced a system failure that affected credit card payments at transportation hubs and shops.

News

John Winchcombe

28 Nov. 2023

5 min read

CBDC Round Up

A paper published by the Munich Personal RePEc Archive has carried out secondary research on Africa’s adoption of CBDCs.

CBDC Digital CN

John Winchcombe

28 Nov. 2023

3 min read

Making The Case for Cash

If a general can choose the battlefield, they can shape what happens next in the fight that follows. At the Future of Cash conference Brett Scott, the author, explained how the digital leaders have created and driven the story that digital is good and analogue is bad.

Cash Usage Free Free

John Winchcombe

28 Nov. 2023

2 min read

ATM News

Geldmaat runs the ATM network for the Netherland’s largest banks. This utility approach to ATM provision has strict service level agreements. Despite this the media in the Netherlands has reported that 5% of ATMs were broken at some point in September.

ATMs

John Winchcombe

28 Nov. 2023

4 min read

Access to Cash in Canada

For countries experiencing ‘less cash’, it is becoming normal to measure the distance people must travel to access cash from an ATM, or in Canada’s case and automated banking machine (ABM), or branch of a financial institution. The Bank of Canada has released a paper describing its travel- based metric and the results.

Cash Usage Country Profile

John Winchcombe

28 Nov. 2023

5 min read

Privacy Matters for CBDCs

Uniquely amongst payment options, cash offers people payment privacy. A key part of the debate about Central Bank Digital Currencies (CBDCs) is about the extent to which a CBDC can mimic the privacy achieved by cash. A new Bank for International Settlements (BIS) working paper considers designing CBDCs for privacy protection and data governance1.

CBDC

John Winchcombe

28 Nov. 2023

5 min read

Why Do People Adopt and Use Mobile Money?

One thought that came from the Future of Cash conference was the need to understand digital payments more. A recent conference paper from Vietnam does just that as it examines why people in the developing world move to digital payments by studying the uptake of mobile money services in Vietnam.

Digital Payments

John Winchcombe

28 Nov. 2023

5 min read

News in Brief

A new paper has looked at the cash in circulation in 17 economies between 2001 and 20221.

News

John Winchcombe

28 Nov. 2023

2 min read

IMF CBDC Virtual Handbook

The latest International Monetary Fund (IMF) has published a blog which highlights its Central Bank Digital Currency (CBDC) Virtual Handbook. It draws attention to the explosion of interest in CBDCs and the need to design them appropriately.

CBDC Editorial

Latest News

The Challenges of Digital Payments

Denmark to Change its Banknotes in Order to Keep Them

CBDC Round Up

Cash Usage in Canada

Reliability of Payment Networks Under the Spotlight

PSR Recommends Payment Fee Cut

News in Brief

Payment News

Cash Cycle in a Digital World

Exploring the Role of AI in the Central Banking Domain

Time to Get Real

Payment News

CBDC Round Up

Making The Case for Cash

ATM News

Access to Cash in Canada

Privacy Matters for CBDCs

Why Do People Adopt and Use Mobile Money?

News in Brief

IMF CBDC Virtual Handbook

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